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Gravita India informs about outcome of board meeting

17 Mar 2016 Evaluate

Gravita India has informed that the Board of Directors of the Company at its meeting held on March 17, 2016, has decided to disinvest the entire shareholding (7,618,800 Shares of MZN 1 per share) of Company from its subsidiary Gravita Mozambique LDA and transfer the same to step down subsidiary of the Company namely Gravita Netherlands BV for a consideration of USD 563,750.

The above information is a part of company’s filings submitted to BSE.

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